Business Daily Media

Men's Weekly

.

MYOB and Figured provide game changing integrated platform for accountants



Business management platform MYOB today announced it has joined forces with leading farm financial management software company, Figured, to deliver a comprehensive accounting software integration for the Australian agricultural sector. 

Together, MYOB and Figured will provide a broad range of agricultural compliance and advisory solutions to the accountants and advisors of the farming community. The combined firepower will allow customers and advisors to gather real-time data and insights, to enhance decision-making for their operations and to be able to plan with confidence. 

Integrated functionality will allow accounting firms using MYOB to support dairy, livestock and crop producers to seamlessly access Figured’s production tracking, budget and forecasting tools. At the same time, they can provide value-added advisory services through the application of insights that offer business efficiency opportunities, profitability enhancement measures and proactive problem solving. 

“Agriculture plays a crucial role in the lives of all Australians, as well as the economy, representing 12% of goods and services exported in 2020-2021,” said Kim Clarke, General Manager Enterprise at MYOB. 

“We know agriculture businesses were heavily impacted by COVID-19, and that inflationary and supply chain constraints will continue to drive concern across the industry. This is where agri businesses have come to rely on their advisors to help them steer the ship, make informed decisions and pivot at pace when needed. 

“Enabling MYOB and Figured’s deeply integrated solution, along with the added value businesses receive from their trusted advisors, will help the farming community take a longer-term view of their entire business, support strategic decision-making and drive further success.”  

Dave Dodds, CEO for Figured, said, “We know that farmers are more successful when working with a strong professional advisory team, backed by accurate and real time data. This integration will ensure more farmers and their advisors are getting the benefit of Figured, underpinned by real time data from MYOB.  

“It allows the entire farming team, from farmers and their advisors, accountants and bookkeepers, and rural bankers, to access the agricultural compliance and advisory tools they need to support better business decision making. 

“We’ve seen cloud adoption rapidly extend from the urban to rural sector and we see our partnership with MYOB can be a significant part of this change. We are excited to see what this partnership can do for Australian rural businesses.” 

The announcement today will lead to the integration of Figured into the MYOB platform in Australia in early 2023, when it will provide advisors with an integrated agriculture software solution that spans compliance, advisory and business intelligence. 

For more information on the MYOB and Figured partnership, go to myob.com/au.

The cost of ignoring AI governance in business

Artificial intelligence (AI) is no longer the promise of a distant future: it's active, embedded, and already shaping decisions across industries. H...

Quickli launches new SMSF product as free beta for limited time only

The leading technology provider for Australian mortgage brokers, Quickli, has answered the prayers of brokers yet again with the launch of a stand...

Portable Monitors for Coding and Programming Students

Today, coding and programming require more focus and efficiency. But, the most essential thing it demands is ample screen space. Students can stru...

Beyond the Banks: Why Agility and Tech Integration Are Defining the Future of Lending in Australia

In Australia’s evolving credit landscape, non-bank lenders are no longer merely filling gaps left by traditional institutions; they are actively r...

Carma appoints Owen Wilson as Chair of the Board

Carma’s next phase of growth to be guided by REA Group’s outgoing CEO who oversaw realestate.com.au rise to be Australia's #1 place for property ...

Digital Upgrade to Boost Efficiency Across Tasmanian Ports

TasPorts is undertaking a multimillion-dollar digital transformation that will improve efficiency, and enable smarter, more sustainable operations a...

Sell by LayBy